Powder Coatings Market price $16.8 billion by 2026

 


(EMAILWIRE.COM, November 09, 2022 ) The report “Powder Coatings Market by Resin Kind (Thermoset and Thermoplastic), Coating Methodology (Electrostatic Spray, Fluidized Mattress), Finish-use Business (Home equipment, Automotive, Basic Industrial, Architectural, Furnishings) and Area – International Forecast to 2026″, dimension will develop to USD 16.8 billion by 2026 from USD 13.8 billion in 2021, at a CAGR of three.9% throughout the 2021-2026 interval. APAC is the biggest shopper of powder coatings. Development in numerous end-use industries, stringent environmental laws, and technological developments are the components driving the powder coatings market.

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Thermoset resin phase is projected to be the biggest phase of the Powder Coatings market.

The thermoset resin phase is predicted to steer the expansion throughout the forecast interval. Thermoset powder coatings are used on a big selection of automotive, home equipment, and basic industrial merchandise. An growing variety of finish customers demand powder coatings for prime quality and sturdy end, permitting for maximized manufacturing, improved efficiencies, and simplified environmental compliance. Thermoset powder coating techniques provide broad formulation flexibility. They’re very sturdy and are extensively utilized in each ornamental and useful functions. Thermosetting powders are derived from polyester, epoxy-polyester hybrid, epoxy, acrylic, polyurethane, and different resins.

Equipment trade is the fastest-growing end-use trade phase of the Powder Coatings market.

The equipment trade is projected to be the fastest-growing end-use trade of Powder Coatings. Elements resembling enhance in per capita earnings and shopper spending, altering shopper preferences, and rising want for automation and expertise developments, are behind the speedy development of the powder-coated home equipment market. The creating economies of India, Brazil, and Russia are anticipated to be key shoppers throughout the projected interval due to the creating shopper items market in these international locations. China has been the biggest income generator within the home equipment trade.

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Browse And In-Depth TOC On “Powder Coatings Market”
348 – Market Information Tables
57 – Figures
408 – Pages

APAC is the biggest Powder Coatings market, globally.

APAC is the main marketplace for Powder Coatings. International locations resembling India, China, and Indonesia are investing closely in numerous end-use industries, which is prone to affect the expansion of the powder coatings market in these international locations. The market within the APAC area will witness a major rise owing to the expansion of the electronics and automotive industries in China, Thailand, India, South Korea, and Taiwan. Rising demand for shopper items, together with washing machines and fridges, in international locations resembling India, China, Vietnam, the Philippines, and Thailand, is predicted to spice up the demand for powder coating in these functions.

The important thing gamers profiled within the powder coatings market report are PPG Industries, Inc. (US), The Sherwin-Williams Firm (US), Akzo Nobel N.V. (Netherlands), Axalta Coating Methods, LLC (US), Tiger Coatings GmbH & Co. KG (Austria) and Jotun A/S (Norway).

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